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6 Things To Consider When Comparing Your Home To Recent Neighborhood Sales

Birmingham Appraisal

While my main audience for this post is homeowners, real estate agents can also use this method to see how a home they are listing might compare to the recent sales. This is why real estate agents will tell you to at least make some cosmetic repairs that will improve the street appeal of a home.

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My Top 11 Tips For Realtors When Choosing Comps

Birmingham Appraisal

If that is not possible then look elsewhere but keep in mind that the other areas you look at should meet the definition of a competitive market area. If that is not possible then look elsewhere but keep in mind that the other areas you look at should meet the definition of a competitive market area.

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Appraisals derail sales in the tight Chicago market!

Chicagoland Appraisal Blog

I came across a Facebook post from an appraiser friend of mine about an article written in the Chicago Tribune titled Homebuyers who pay cash win deals as appraisals derail sale in tight Chicago market. The title is definitely eye-catching especially to an appraiser in Chicago. What can you do in that situation?

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Unacceptable Appraisal Practices from Freddie Mac

Appraisal Today

This doesn’t mean every property is literally worth 12% less, but I have to say the change is sizeable when looking at neighborhood comps lately and hearing feedback from real estate agents. It’s easy to fixate on the median price, but when appraising in neighborhoods my trendlines are also showing a sharp change.